Sotheby’s Investor Mark McGuire, who holds 9.5% of the company, has reportedly demanded that the auction house issue a $500 million stock buyback, appoint a new CFO, and further, accuses them of willful neglect and misguided policies.  McGuire’s letter to the company comes after Sotheby’s placed its new capital plan on hold until a new CEO was found, and places him in opposition to new investor Dan Loeb.Read more at Art Market Monitor

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